KAMES CAPITAL plc Has $23.47 Million Stake in Maxim Integrated Products Inc. (MXIM)

KAMES CAPITAL plc trimmed its holdings in shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) by 15.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 441,386 shares of the semiconductor company’s stock after selling 78,069 shares during the period. KAMES CAPITAL plc owned 0.16% of Maxim Integrated Products worth $23,465,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MXIM. IMS Capital Management bought a new position in shares of Maxim Integrated Products during the 3rd quarter valued at about $28,000. CWM LLC raised its position in Maxim Integrated Products by 78.0% in the fourth quarter. CWM LLC now owns 598 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 262 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in Maxim Integrated Products by 311.8% in the fourth quarter. TCI Wealth Advisors Inc. now owns 766 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 580 shares during the last quarter. Sun Life Financial INC bought a new position in Maxim Integrated Products in the fourth quarter valued at about $39,000. Finally, Guardian Life Insurance Co. of America bought a new position in Maxim Integrated Products in the fourth quarter valued at about $40,000. 98.56% of the stock is currently owned by institutional investors.

In related news, CEO Tunc Doluca sold 5,000 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $54.55, for a total transaction of $272,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Loftus sold 13,614 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $53.81, for a total transaction of $732,569.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,316 shares of company stock worth $3,395,474. 0.85% of the stock is owned by corporate insiders.

NASDAQ:MXIM traded down $0.58 during trading hours on Wednesday, reaching $59.31. The company’s stock had a trading volume of 47,692 shares, compared to its average volume of 1,466,256. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.31. Maxim Integrated Products Inc. has a 12 month low of $46.64 and a 12 month high of $63.68. The company has a quick ratio of 5.85, a current ratio of 6.54 and a debt-to-equity ratio of 0.57.

Maxim Integrated Products (NASDAQ:MXIM) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $576.91 million during the quarter, compared to the consensus estimate of $590.50 million. Maxim Integrated Products had a return on equity of 42.09% and a net margin of 28.72%. On average, sell-side analysts expect that Maxim Integrated Products Inc. will post 2.44 EPS for the current year.

MXIM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. BidaskClub upgraded Maxim Integrated Products from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Maxim Group restated a “sell” rating on shares of Maxim Integrated Products in a research report on Friday, February 8th. Finally, Bank of America cut Maxim Integrated Products from a “buy” rating to a “neutral” rating in a research report on Friday, January 4th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Maxim Integrated Products presently has a consensus rating of “Hold” and an average price target of $59.67.

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Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits in the United States, China, the rest of Asia, Europe, and internationally. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs.

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Institutional Ownership by Quarter for Maxim Integrated Products (NASDAQ:MXIM)

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